Franklin Ethereum ETF (BATS:EZET) Trading 65.8% Higher – Time to Buy?

Franklin Ethereum ETF (BATS:EZET)’s share price was up 65.8% on Friday . The stock traded as high as $21.22 and last traded at $32.85. Approximately 161,374 shares were traded during mid-day trading, an increase of 99% from the average daily volume of 80,895 shares. The stock had previously closed at $19.82.

Franklin Ethereum ETF Price Performance

The business has a 50-day moving average of $28.41 and a 200-day moving average of $20.56.

Hedge Funds Weigh In On Franklin Ethereum ETF

A hedge fund recently raised its stake in Franklin Ethereum ETF stock. Jane Street Group LLC boosted its holdings in Franklin Ethereum ETF (BATS:EZET) by 370.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,608 shares of the company’s stock after purchasing an additional 105,969 shares during the quarter. Jane Street Group LLC owned about 7.28% of Franklin Ethereum ETF worth $2,575,000 at the end of the most recent quarter.

Franklin Ethereum ETF Company Profile

The Franklin Ethereum ETF (EZET) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund seeks to replicate the performance of Ether using a Benchmark Rate to determine its value. The fund does not directly invest in Ether EZET was launched on Jul 23, 2024 and is issued by Franklin Templeton.